7/2/2018

PLASKOLITE ACQUIRES THE PROFILE LIGHTING BUSINESS OF ROTUBA EXTRUDERS, INC.

North America’s Leading manufacturer of thermoplastic sheet expands its lighting product portfolio

COLUMBUS, Ohio (July 2, 2018) – Plaskolite LLC, North America’s largest manufacturer of plastic sheet products, announced today that it has acquired Rotuba Extruders, Inc.’s profile lighting business. Rotuba is the leader in the Custom Extruded Profile segment of the lighting industry.

As a part of the transaction, Plaskolite is acquiring Rotuba’s manufacturing operations in Linden, New Jersey. The closing is effective as of June 30, 2018. Terms of the transaction have not been disclosed.

Plaskolite’s acquisition of the Rotuba Profiles Lighting business expands Plaskolite’s already thriving Profiles business and positions the company as the clear leader in the Profiles Lighting segment.  Adam Bell, Rotuba’s President, will stay on to lead the Plaskolite Rotuba Profiles business.

“Rotuba has been extruding custom profiles for more than 60 years and is the leading supplier in the LED Lighting segment. This acquisition further strengthens our offering and our partnerships and allows us to rapidly develop extruded profiles to meet the demands of LED lighting,” said Mitchell Grindley, Plaskolite’s President and CEO.  “Adding Rotuba’s extensive custom extruded profile experience to the Plaskolite portfolio gives our customers the best and most extensive options available in the market.”

Founded in 1950 in Columbus, Ohio, by Donald G. Dunn and family, Plaskolite, LLC. is the largest North American manufacturer of thermoplastic sheet products. Plaskolite’s customized products are used in a wide variety of applications including windows, doors, lighting, signs, point-of-purchase displays and bath products. Plaskolite serves a diverse customer base including distributors, OEMs and retailers.

With this acquisition, Plaskolite will employ 1100 people in Columbus, Ohio; Zanesville, Ohio; Grand Saline, Texas; Compton, California; Olive Branch, Mississippi; Monterrey, Mexico; Memphis, Tennessee; Sheffield, Massachusetts; and Linden, New Jersey.

“We are excited to join the Plaskolite family,” said Adam Bell.  “We will continue bringing our customers value added Profile design experience, along with our specialty-formulated polymers targeted at diffusing LED technology.  In addition, Rotuba customers will now have access to expanded extrusion capabilities and the benefits of a much larger manufacturing footprint."

About Plaskolite, LLC
Founded in 1950 in Columbus, Ohio, by Donald G. Dunn and family, Plaskolite, LLC is the largest North American manufacturer of thermoplastic sheet products. Plaskolite’s customized products are used in a wide variety of applications, including windows, doors, lighting, signs, point-of-purchase displays and bath products. Plaskolite serves a diverse customer base including distributors, OEMs and retailers. In 2015, Charlesbank Capital Partners became the first outside equity investor in Plaskolite. For more information, please visit our website at www.plaskolite.com.

About Rotuba
Rotuba, founded in 1945 and privately held for three generations, is the largest extruder of profiles for the rapidly expanding LED Lighting Segment. The company is a leading supplier in each of its divisions and works with some of the largest companies in the world. For more information, visit  www.rotuba.com.

Contacts:
Vince McMorrow
Fahlgren Mortine Public Relations
vince.mcmorrow@fahlgren.com
614-383-1622